Tron Bulls should defend this support level for recovery – can they do that? star-news.press/wp

- TON continued to trade within a scope despite FUD across the broader market
- The low range may see a bullish reflection, but merchants should be familiar with volatility
The price of Tron (TRX) was not badly affected as the rest of the Altcoin market during the last discharge. The tired tensions in the Middle East and the United States are strained any emerging expectations in the market.
Fear of high oil and inflation prices is a few of the many investor concerns.
source: INTOTHEBLOCK
Over the past 24 hours, Bitcoin (BTC) threw 3.68 % of its value, but you see only 2.87 %.
Compared, ETHEREUM (ETH) and Solana (SOL) decreased by 9.22 % and 7.5 % in the same period. The correlation matrix revealed that TRX had only a +0.32 association with Bitcoin, which helps to explain the relative stability in this rock market.
Will the quiet TRX interface continue on price charts?


Source: TRX/USDT on TradingView
On one day graph, the (white) range formation was drawn between $ 0.263 and $ 0.294. During the past six weeks, TRX has been traded within this range. At the time of writing this report, he was heading to the low range again.
The medium -range resistance rejected at $ 0.279. The price clung to the rescue level in Fibonacci 61.8 % at $ 0.27, but it was forced to waive this level. FIB levels were drawn based on the rise of November to December 2025 from $ 0.16 to $ 0.45.
OBV pointed to a balance between buyers and sellers during the past month. The relative power index fell under 50 neutral to suggest that the momentum was turning into a declining.
One -month rotation map has determined the TROS range formation. The magnetic region was washed away at $ 0.264, but it may be possible to move to $ 0.261. There may also be opportunities for a bullish reflection.
However, although TRX is not closely related to the movements of BTC prices, there is a good opportunity for the coming days to be downward for the encryption market. Thus, swinging traders who are looking for a long TRX should be careful of volatility.
Less than $ 0.261, the support level can be $ 0.24 is the next main liquidation set that may attract the price of TRX lower.
Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer
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2025-06-23 06:00:00